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Kisachek [45]
2 years ago
14

Novak Company purchased Machine #201 on May 1, 2020. The following information relating to Machine #201 was gathered at the end

of May. Price $127,500 Credit terms 2/10, n/30 Freight-in $ 1,200 Preparation and installation costs $ 5,700 Labor costs during regular production operations $15,750 It is expected that the machine could be used for 10 years, after which the salvage value would be zero. Novak intends to use the machine for only 8 years, however, after which it expects to be able to sell it for $2,250. The invoice for Machine #201 was paid May 5, 2020. Novak uses the calendar year as the basis for the preparation of financial statements.
Business
1 answer:
blondinia [14]2 years ago
5 0

Answer:

i am stuck as well

Explanation:

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Beta Limited has opening PP&E balance of 150, a depreciation expense of 75, and a closing PP&E balance of 170, what is B
Tems11 [23]

Beta's Net capital expenditure is 95.

Explanation:

The computation of the Beta's net capital expenditure is given below

Closing PP&E balance + Depreciation Expense - Opening PP&E balance

= 170 +75 - 150

= 95

While computing it, we have added the depreciation expense and deducted the PP &E balance to the closing PP&E balance so that the accurate amount can be more.

It can also be calculated by capital expenditures by using data from a company's income statement and balance sheet.  In the income statement, find the amount of depreciation expenses recorded for the current period. in the balance sheet the current period's property, plant and equipment are placed in line- item balance.

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Which situation is an example of comparative advantage in an international market?
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B

Explanation:

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Sun Co. was constructing fixed assets that qualified for interest capitalization. Sun had the following outstanding debt issuanc
inessss [21]

Answer:

the interest rate that should be determined the capitalized interest is 8.57%

Explanation:

The computation of the interest rate that should be determined the capitalized interest is shown below;

= $6,000,000 ÷ ($6,000,000 + $8,000,000) × 0.08 + $8,000,000 ÷  ($6,000,000 + $8,000,000) × 0.09

= 0.0857

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Hence, the interest rate that should be determined the capitalized interest is 8.57%

The same would be considered

7 0
1 year ago
Believing it will make it easier for investors to compare firms across countries and make it easier to raise capital globally, m
Elena L [17]

Answer:

True

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Generally Acceptable Accounting Principles (GAAP) is only applicable in the United States of America whereas International Financial Reporting Standards (IFRS) has been adopted by most countries on the globe. This makes Report prepared on IFRS more comparable and make it easier to raise capital globally.

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Identify five basic causes of the environmental problems that we face today. What is poverty? In what ways do poverty and afflue
Orlov [11]

Answer: These can be explained as follows :-

Explanation: A.Causes of environmental problems :-

1. Urbanization

2. Deforestation

3. Overpopulation

4. Waste production

5. Industrialization

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The wealthy folks on the other hand, demand more goods and services leading to exploitation of natural resources.

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